Global Investment Performance Standards (GIPS®)
The GIPS standards
a set of ethical principles used by investment management firms in
order to establish a globally standardized, industry-wide approach to
creating performance presentations that communicate investment results
to prospective clients. The underlying spirit of the Standards is fair
representation and full disclosure. CFA Institute created and continues
to administer the GIPS standards and partners with organizations around the world such as the CFA Society Greece to promote the GIPS standards.
facilitate and maintain the integrity of the GIPS standards, new
performance standards are created as needed by the industry and new
procedures and controls are implemented to ensure that the GIPS
standards are consistently applied, interpreted, and expanded with broad
solicitation of public comments.